I do not appreciate regulators trying to restrict opportunities to advance ones wealth in life by telling them they must have knowledge, be certified, or already have wealth. This restricts people already at a disadvantage. Very similar to telling blacks and people of color that the must be able to read in order to vote. This considered rule is a straight discrimination.
No reason to penalize everyone for a few bad apples. I use inverse ETF's during times when the stock market is going down to balance out (hedge against) losses and so I can hold on to my winners. If the inverse ETF's are subject to special processes beyond the usual rules for all stocks, this would be unfair.
I should be able to choose my own investments without an added burden of the new rules you are considering. My broker already has my investment background and experience, so no federal survey is needed. A test is an especially onerous requirement. It is already clear when purchasing a leveraged or inverse fund what the risks are.
Dear Finra, I am writing to you because of the corruption being held in wall street by Hedge funds such as Citadel. CITADEL who carry the order flows for the excahange amounting nearly to 40% to 47%. This data was specified by Ken griffin himself when he was asked to testify in front of Congressmen in which he was accused of performing manipulative practices regarding Game stop by restricting
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EXECUTIVE SUMMARY
Members are invited to vote on a proposed amendment to Article III, Section 21 of
REQUEST FOR COMMENT
Compensation for the Sale of Investment Company Securities
Comment Period Expires: October 17, 2003
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I have been an investor in the stock market for over 20 years, but am considering pulling out for good. The regulators have shown everybody that they aren't in control, and allow hedge funds to run rampant with manipulation and most likely buy them off with kickbacks in the form of fines, while they break all the rules. The level of gross criminality is off the charts, and at the very least
INFORMATIONAL
NASD By-Laws Amendments
Effective Date: December 1, 1999
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FINRA Requests Comment on a Proposal to Tighten Business Clock Synchronization Requirements
(a) If a party objects to producing any document or information requested under Rule 13506, it must specifically identify which document or requested information it is objecting to and why. Objections must be in writing, and must be served on all other parties. Parties must produce all applicable listed documents, or other requested documents or information not specified in the objection by
